The shares of the prominent manufacturer of diameter pipes gained up to 6 percent in today’s trading session after the company’s bagged a significant work order for an offshore project in the Middle East.
With a market capitalization of Rs 25,003.45 crore, the shares of Welspun Corp Ltd were trading at Rs 949.90 per share, increasing around 4.22 percent as compared to the previous closing price of Rs 911.45 apiece.
The shares of Welspun Corp Ltd have seen positive movement after securing a major order to supply 50 km of LSAW pipes and bends, with anti-corrosion and concrete weight coatings. The order, intended for a key offshore project in the Middle East.
Welspun’s strong focus on advanced technology, quality, and proven expertise in servicing sour service requirements reinforces its global reputation. Since its May 7, 2025, update, the company has secured additional orders worth ~Rs 450 crore for its India pipes facility, to be executed across FY26 and FY27.
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Financial and operational highlights
Looking forward to the company’s financial performance, revenue decreased by 12 percent from Rs 4,461 crore in Q4FY24 to Rs 3,925 crore in Q4FY25. Further, during the same time frame, net profit increased by 143 percent from Rs 287 crore to Rs 699 crore.
The company holds a robust order book valued at Rs 19,553 crore, comprising 1,093 KMT of Line Pipes, 353 KMT of DI Pipes, and 9,025 MT of Stainless Steel (SS) Bars & Pipes. This reflects strong demand across multiple segments in its core piping business.
In FY26, the company targets Rs 17,500 crore in revenue and Rs 2,200 crore in EBITDA, reflecting 25% and 18% growth, respectively, over FY25. It expects ROCE to exceed 20% and aims to maintain a net debt-to-EBITDA ratio below 1.0, ensuring strong financial discipline and performance.
Welspun Corp Limited is engaged in the business of manufacturing steel products and plastic products. The Company is engaged in the business of production and coating of high-grade submerged arc welded pipes, hot rolled steel plates, and coils. It is a service provider of welded line pipes, ductile iron pipes, stainless steel pipes, tubes, and bars.
Written by Abhishek Singh
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